KARACHI - The Karachi stock exchange closed lower amid profit-taking ahead of corporate earning announcements due next week.
At local stock market KSE-100 share index shed 22.69 points or 0.16 percent to stop the days trading at 14,178.10 points as compared to the 14,200.79 points of the previous day.
Analyst observed institutional support witnessed in blue chip stocks after unblocking NATO routes.
Apologies from US for killing of Pakistan troops kept investors sentiments positive. Limited foreign interest amid uncertain global markets played a catalyst role in bearish activity at KSE.
KSE-Allshare index misplaced 16.13 points or 0.16 percent to close the day at 9,961.81 points, KSE-30 share index slightly gained 1.17 points or 0.01 percent to end the day at 12,303.77 points while KMI-30 share index added 46.09 points or 0.19 percent to conclude the trading session at 24,448.64 points.
Samar Iqbal, an analyst at Topline Securites said, as market has already rallied by 3pc in last 2 trading days in the hope of reopening of NATO supply, investors preferred to book profit today.
With no major change in Pak rupee after the new deal with US, investors were less enthusiastic and need to wait for the actual coalition support money coming in to the country. DGKC remained volume leader amid hope of June end results.
Market traded 100.826 million shares after opening at 119.364 million shares and the value of traded shares was shrunk to Rs 4.453 billion from Rs 4.566 billion while the market capitalisation settled at Rs 3.610 trillion as compared to the 3.616 trillion of the previous day.
Trading took place in 360 companies where gainers outnumbered the losers 133 to 131 while the values of 96 stocks remained unchanged.
UniLever Pak and Nestle Pakistan Limited were the highest price gainers of the day increased by Rs 71.16 to Rs 7150.00 and Rs 14.28 to Rs 4072.42. Rafhan Maize Product and Colgate Palmolive were the top losers of the day decreased by Rs 77.34 to Rs 3067.00 and Rs 30.09 to Rs 970.00.
Dera Gahzi Khan Cement was the volume leader in the stock market with 10.946 million shares as it closed at Rs 41.06 after opening at Rs 41.08 shed Re 0.2. PTCLA was on the second position with 8.022 million shares off Re 0.08 to lock at Rs 14.52. It was followed by JS Co with 5.261 million shares shed by Re 0.22 to Rs 13.33, Fauji Fertilizer with 5.048 million shares higher by Rs 1.26 to stop at Rs 115.54 and Nishat Mills Limited gained Rs 1.83 to finish at Rs 51.13.